Ratings for the Electricity Sector Efficiency Enhancement Project; and Energy Sector Recovery Development Policy Credit Project for Senegal was as follows: outcomes were satisfactory, the risk to development outcome was low or negligible, the Bank performance... Voir la suiteRatings for the Electricity Sector Efficiency Enhancement Project; and Energy Sector Recovery Development Policy Credit Project for Senegal was as follows: outcomes were satisfactory, the risk to development outcome was low or negligible, the Bank performance was satisfactory, and the Borrower performance was also satisfactory. Some lessons learned included: proper sequencing of sector policy dialogue and investment support is important for success when the two are closely connected. The Bank has an important role in ensuring that investment decisions are made based on technical, financial, and economic merits. Where a country's political timetable is liable to bring significant shifts in policy, a keen appreciation of political economy is necessary. The Bank has much to gain from locating key operational staff in the field, particularly where a continuous and intense dialogue is required, such as Senegal's energy sector. Inattention to the good practice principles for the application of conditionality can result in policy-based operations that are unbalanced and lack focus. In designing policy-based operations, a realistic sense of the pace of reform will take account of political economy considerations.
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